Jabil Inc.: Q4 FY2026 earnings call

What management said about Q4 FY2026, from the documents filed with the SEC on 30 September 2026: press release. Guidance figures: 10 new. The quarter’s numbers.

Key takeaways

Fourth quarter revenue and earnings: Fourth quarter net revenue was $10.6 billion against $8.3 billion a year earlier. U.S. GAAP operating income was $602 million, and U.S. GAAP diluted EPS was $3.76 against $1.99. Source
Fiscal 2026 revenue grew 21%: Fiscal 2026 net revenue was $36.0 billion, against $29.8 billion. The CEO cited 21% revenue growth, 40 basis points of core operating margin expansion and more than $1.5 billion of adjusted free cash flow. Source
Fiscal 2027 guidance covers four measures: Fiscal 2027 guidance covers net revenue, core operating margin, core diluted EPS and adjusted free cash flow, each stated as a single figure or approximate level. Source
AI infrastructure demand drove growth: The CEO said teams supported significant growth in AI infrastructure and delivered strong performance across several other end markets. Source
Core operating margin reached 6.4%: Fourth quarter core operating margin was 6.4%, against 6.3% a year earlier. Fiscal 2026 core operating margin was 5.8%, against 5.4%. Source
Adjusted free cash flow of $1.5 billion: Adjusted free cash flow was $1,532 million for fiscal 2026 against $1,318 million. The company defines it as operating cash flow less net capital expenditures. Source

“We delivered a fourth quarter that exceeded our expectations, closing an exceptional fiscal 2026 in which we grew revenue 21%, expanded core operating margin 40 basis points and generated more than $1.5 billion in adjusted free cash flow”
CEO Mike Dastoor

Guidance

Area	Period	Figure	Against last quarter
Net revenue Source	first quarter of fiscal 2027	$10.6 billion to $11.4 billion	New
U.S. GAAP operating income Source	first quarter of fiscal 2027	$481 million to $541 million	New
U.S. GAAP diluted EPS Source	first quarter of fiscal 2027	$2.78 to $3.18 per diluted share	New
Core operating income (Non-GAAP) Source	first quarter of fiscal 2027	$592 million to $652 million	New
Core diluted EPS (Non-GAAP) Source	first quarter of fiscal 2027	$3.80 to $4.20 per diluted share	New
Anticipated adjustments Source	first quarter of fiscal 2027	$24 million amortization of intangibles; $62 million stock-based compensation; $25 million restructuring	New
Net revenue Source	fiscal 2027	$44.5 billion	New
Core operating margin (Non-GAAP) Source	fiscal 2027	6.1%	New
Core diluted EPS (Non-GAAP) Source	fiscal 2027	$17.55 per diluted share	New
Adjusted free cash flow (Non-GAAP) Source	fiscal 2027	approximately $1.6 billion	New

What changed from last quarter

New guidance: Fiscal 2027 guidance given for net revenue, core operating margin, core diluted EPS and adjusted free cash flow. Source
New guidance: First quarter fiscal 2027 guidance given as ranges for net revenue, U.S. GAAP and core operating income, and U.S. GAAP and core diluted EPS. Source

Fourth quarter and fiscal 2026 results

Fourth quarter revenue and earnings: Fourth quarter net revenue was $10.6 billion against $8.3 billion a year earlier. U.S. GAAP operating income was $602 million, and U.S. GAAP diluted EPS was $3.76 against $1.99. Source
Fiscal 2026 revenue grew 21%: Fiscal 2026 net revenue was $36.0 billion, against $29.8 billion. The CEO cited 21% revenue growth, 40 basis points of core operating margin expansion and more than $1.5 billion of adjusted free cash flow. Source
Fourth quarter exceeded management expectations: Management said the fourth quarter exceeded its expectations, closing a fiscal 2026 that the CEO described as exceptional. Source
Full-year core earnings per share rose: Fiscal 2026 core diluted EPS was $13.09 against $9.75 a year earlier, and U.S. GAAP diluted EPS was $9.75 against $5.92. Source
Diluted share count declined: Diluted weighted average shares were 106.0 million in the fourth quarter against 109.2 million a year earlier, and 106.9 million for the year against 110.9 million. Source

Fiscal 2027 guidance and first quarter

Fiscal 2027 guidance covers four measures: Fiscal 2027 guidance covers net revenue, core operating margin, core diluted EPS and adjusted free cash flow, each stated as a single figure or approximate level. Source
Growth tied to breadth and capacity: Management tied fiscal 2027 confidence to breadth of growth, expanding customer relationships and committed business supporting new capacity. Source
First quarter guidance given as ranges: First quarter fiscal 2027 guidance was given as ranges for net revenue, U.S. GAAP and core operating income, and U.S. GAAP and core diluted EPS. Source
Adjustments excluded from first quarter: Core first quarter figures exclude anticipated amortization of intangibles, stock-based compensation and restructuring charges of $24 million, $62 million and $25 million. Source

“These results reflect the progress we’ve made in moving up the value chain, taking on more of our customers’ engineering and manufacturing complexity while maintaining an asset-light model.”
CEO Mike Dastoor

Growth drivers and end markets

AI infrastructure demand drove growth: The CEO said teams supported significant growth in AI infrastructure and delivered strong performance across several other end markets. Source
Other end markets named for fiscal 2027: Automotive, healthcare, energy infrastructure, defense and aerospace, and warehouse and retail automation were named as sources of solid growth alongside accelerating AI demand. Source
Revenue compared with prior range: Fourth quarter net revenue of $10.6 billion compares with the $9.2 billion to $10.0 billion range given in the third quarter release.

Costs and margins

Core operating margin reached 6.4%: Fourth quarter core operating margin was 6.4%, against 6.3% a year earlier. Fiscal 2026 core operating margin was 5.8%, against 5.4%. Source
Gross profit rose on higher revenue: Gross profit was $1,001 million in the fourth quarter against $783 million. Fiscal 2026 gross profit was $3,317 million against $2,646 million. Source
Restructuring charges declined: Restructuring, severance and related charges were $9 million in the fourth quarter against $37 million, and $97 million for fiscal 2026 against $181 million. Source
Interest and other costs rose: Interest and other, net was $80 million in the fourth quarter against $58 million, and $296 million for fiscal 2026 against $244 million. Source

“I’m proud of our teams and the stronger business we’re building together.”
CEO Mike Dastoor

Balance sheet and working capital

Inventories and receivables increased: At August 31, 2026, inventories were $7,413 million and accounts receivable $6,513 million, against $4,681 million and $4,039 million a year earlier. Source
Payables and accruals rose: Accounts payable was $14,444 million against $7,937 million, and accrued expenses were $6,619 million against $5,185 million. Source
Prepaid assets and cash balances: Prepaid expenses and other current assets were $4,559 million against $2,010 million. Cash and cash equivalents were $1,739 million against $1,933 million. Source

Cash flow and capital returns

Operating cash flow of $2.0 billion: Net cash provided by operating activities was $2,002 million for fiscal 2026 against $1,640 million. The cash flow statement shows a $7,984 million inflow from payables, accrued expenses and other liabilities. Source
Adjusted free cash flow of $1.5 billion: Adjusted free cash flow was $1,532 million for fiscal 2026 against $1,318 million. The company defines it as operating cash flow less net capital expenditures. Source
Share repurchases and dividends: Payments to acquire treasury stock were $1,060 million for fiscal 2026 against $1,000 million. Dividends paid to stockholders were $35 million against $36 million. Source
Acquisition cash outflow rose: Cash paid for business and intangible asset acquisitions was $852 million against $392 million. Borrowings under debt agreements were $2,773 million against $1,844 million. Source

Capital spending and capacity

Capital expenditure rose to $628 million: Acquisition of property, plant and equipment was $628 million for fiscal 2026 against $468 million, with $158 million of proceeds and advances from asset sales. Source
New capacity brought online: According to the CEO, teams brought critical new capacity online during the year, alongside growth in AI infrastructure. Source
Property and equipment base grew: Property, plant and equipment, net was $3,005 million at August 31, 2026, against $2,847 million a year earlier. Source

Strategy and portfolio

Moving up the value chain: The CEO said results reflect progress in moving up the value chain, taking on more customer engineering and manufacturing complexity while keeping an asset-light model. Source
Hanley Energy Group acquisition noted: A footnote records $8 million of gains on forward foreign exchange contracts in fiscal 2026, in connection with the acquisition of Hanley Energy Group. Source
Goodwill and intangibles increased: Goodwill and intangible assets, net were $1,828 million at August 31, 2026, against $1,114 million a year earlier. Source
Plans for investment and shareholder returns: The CEO described plans to sustain profitable growth, invest in capabilities and return substantial capital to shareholders. Source

Earlier plans management reported on

Ahead: Management said the fourth quarter exceeded its expectations, measured against the expectations set in the third quarter release. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

Jabil Posts Fourth Quarter and Fiscal Year 2026 Results

Provides Strong Fiscal 2027 Outlook

ST. PETERSBURG, Fla. - September 30, 2026 - Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2026.

“We delivered a fourth quarter that exceeded our expectations, closing an exceptional fiscal 2026 in which we grew revenue 21%, expanded core operating margin 40 basis points and generated more than $1.5 billion in adjusted free cash flow,” said CEO Mike Dastoor. “Our teams supported significant growth in AI infrastructure, delivered strong performance across several other end markets and brought critical new capacity online. These results reflect the progress we’ve made in moving up the value chain, taking on more of our customers’ engineering and manufacturing complexity while maintaining an asset-light model. I’m proud of our teams and the stronger business we’re building together.”

Fourth Quarter of Fiscal Year 2026 Highlights:

Net revenue: $10.6 billion
U.S. GAAP operating income: $602 million
U.S. GAAP diluted earnings per share: $3.76
Core operating income (Non-GAAP): $675 million
Core diluted earnings per share (Non-GAAP): $4.40

Fiscal Year 2026 Highlights:

Net revenue: $36.0 billion
U.S. GAAP operating income: $1.7 billion
U.S. GAAP diluted earnings per share: $9.75
Core operating income (Non-GAAP): $2.1 billion
Core diluted earnings per share (Non-GAAP): $13.09

First Quarter of Fiscal Year 2027 Outlook:

•Net revenue	$10.6 billion to $11.4 billion
•U.S. GAAP operating income	$481 million to $541 million
•U.S. GAAP diluted earnings per share	$2.78 to $3.18 per diluted share
•Core operating income (Non-GAAP)	$592 million to $652 million
•Core diluted earnings per share (Non-GAAP)	$3.80 to $4.20 per diluted share

Core operating income and core diluted earnings per share exclude anticipated adjustments of $24 million for amortization of intangibles (or $0.21 per diluted share) and $62 million for stock-based compensation expense and related charges (or $0.58 per diluted share) and $25 million (or $0.23 per diluted share) for restructuring, severance and related charges.

“Our fiscal 2027 outlook reflects the strength of Jabil’s diversified portfolio, with accelerating AI demand complemented by solid growth in automotive, healthcare, energy infrastructure, defense and aerospace, and warehouse and retail automation,” Dastoor continued. “This breadth of growth, together with expanding customer relationships and committed business supporting our new capacity, gives us confidence in the year ahead. We expect revenue of $44.5 billion, up 24%, core operating margin expansion of 30 basis points to 6.1%, core diluted earnings per share growth of 34% to $17.55, and adjusted free cash flow of approximately $1.6 billion. As customers turn to Jabil for more of their engineering, supply chain and manufacturing needs, we see significant opportunities to sustain profitable growth, invest in our capabilities and return substantial capital to shareholders.”

Fiscal Year 2027 Outlook:

•Net revenue	$44.5 billion
•Core operating margin (Non-GAAP)	6.1%
•Core diluted earnings per share (Non-GAAP)	$17.55 per diluted share
•Adjusted free cash flow (Non-GAAP)	~$1.6 billion

(Definitions: “U.S. GAAP” means U.S. generally accepted accounting principles. Jabil defines core operating income as U.S. GAAP operating income less amortization of intangibles, stock-based compensation expense and related charges, restructuring, severance and related charges, distressed customer charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges, business interruption and impairment charges, net, (gain) loss from the divestiture of businesses, acquisition and divestiture related charges, plus other components of net periodic benefit cost. Jabil defines core earnings as core operating income, less loss on debt extinguishment, loss (gain) on securities, other components of net periodic benefit cost, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations and certain other expenses, net of tax and certain deferred tax valuation allowance charges. Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP. Jabil defines adjusted free cash flow as net cash provided by (used in) operating activities less net capital expenditures (acquisition of property, plant and equipment less proceeds and advances from sale of property, plant and equipment). Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flow to provide investors an additional method for assessing operating income, earnings, diluted earnings per share and free cash flow from what it believes are its core manufacturing operations. See the accompanying reconciliation of Jabil’s core operating income to its U.S. GAAP operating income, its calculation of core earnings and core diluted earnings per share to its U.S. GAAP net income and U.S. GAAP earnings per share and additional information in the supplemental information.)

Forward-looking statements notice

Forward Looking Statements: This release contains forward-looking statements, including those regarding our anticipated financial results for our fourth quarter and full fiscal year 2026 and our guidance for future financial performance in our first quarter of fiscal year 2027 (including, net revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP) results and the components thereof, including but not limited to amortization of intangibles, stock-based compensation expense and related charges and restructuring, severance and related charges); and our full year 2027 (including net revenue, core operating margin (Non-GAAP), core diluted earnings per share (Non-GAAP), the components thereof and adjusted free cash flow (Non-GAAP)). The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for our fourth quarter and full fiscal year 2026 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; scheduling production, managing growth and capital expenditures and maximizing the efficiency of our manufacturing capacity effectively; managing rapid declines or increases in customer demand and other related customer challenges that may occur; our dependence on a limited number of customers; our ability to purchase components efficiently and reliance on a limited number of suppliers for critical components; risks arising from relationships with emerging companies; changes in technology and competition in our industry; our ability to introduce new business models or programs requiring implementation of new competencies; competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; risks associated with international sales and operations, including geopolitical uncertainties; energy price increases or shortages; our ability to achieve expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks (including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; risk arising from compliance, or failure to comply, with environmental, health and safety laws or regulations; risk arising from litigation; and intellectual property risk); financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency fluctuations; and asset impairment); changes in financial accounting standards or policies; risk of natural disaster, climate change or other global events; and risks arising from expectations relating to environmental, social and governance considerations. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2025 and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements.

Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil’s core operating performance. These non-GAAP measures exclude certain amounts that are included in the most directly comparable U.S. GAAP measures, do not have standard meanings and may vary from the non-GAAP financial measures used by other companies. Management believes these “core” financial measures are useful measures that facilitate evaluation of the past and future performance of Jabil’s ongoing operations on a comparable basis.

Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flows to provide investors an additional method for assessing operating income, earnings, earnings per share and free cash flow from what it believes are its core manufacturing operations. Among other uses, management uses non-GAAP financial measures to make operating decisions, assess business performance and as a factor in determining certain employee performance when determining incentive compensation.

The Company uses an annual normalized tax rate (“normalized core tax rate”) for the computation of the non-GAAP (core) income tax provision to provide better consistency across reporting periods. In estimating the normalized core tax rate annually, the Company utilizes a full-year financial projection of core earnings that considers the mix of earnings across tax jurisdictions, existing tax positions, and other significant tax matters. The Company may adjust the normalized core tax rate during the year for material impacts from new tax legislation or material changes to the Company’s operations.

Detailed definitions of certain of the core financial measures are included above under “Definitions” and a reconciliation of the disclosed core financial measures to the most directly comparable U.S. GAAP financial measures is included under the heading “Supplemental Data” at the end of this release.

Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m. ET to discuss its earnings for the fourth quarter and full fiscal year ended August 31, 2026 and to provide an investor briefing. To access the live audio webcast and view the accompanying slide presentation, visit the Investor Relations section of Jabil’s website, located at https://investors.jabil.com. An archived replay of the webcast will also be available after completion of the call.

About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With 60 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.

JABIL INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)

	August 31, 2026
	(unaudited)	August 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$1,739	$1,933
Accounts receivable, net	6,513	4,039
Contract assets	1,296	1,057
Inventories, net	7,413	4,681
Prepaid expenses and other current assets	4,559	2,010
Total current assets	21,520	13,720
Property, plant and equipment, net	3,005	2,847
Operating lease right-of-use assets	614	462
Goodwill and intangible assets, net	1,828	1,114
Deferred income taxes	178	141
Other assets	290	259
Total assets	$27,435	$18,543
LIABILITIES AND EQUITY
Current liabilities:
Current installments of notes payable and long-term debt	$499	$499
Accounts payable	14,444	7,937
Accrued expenses	6,619	5,185
Current operating lease liabilities	111	93
Total current liabilities	21,673	13,714
Notes payable and long-term debt, less current installments	2,880	2,386
Other liabilities	421	345
Non-current operating lease liabilities	530	388
Income tax liabilities	170	113
Deferred income taxes	144	80
Total liabilities	25,818	17,026
Commitments and contingencies
Equity:
Jabil Inc. stockholders’ equity:
Preferred stock	-	-
Common stock	-	-
Additional paid-in capital	3,255	3,047
Retained earnings	7,390	6,382
Accumulated other comprehensive loss	(12)	(17)
Treasury stock, at cost	(9,020)	(7,899)
Total Jabil Inc. stockholders’ equity	1,613	1,513
Noncontrolling interests	4	4
Total equity	1,617	1,517
Total liabilities and equity	$27,435	$18,543

JABIL INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except for per share data)

(Unaudited)

	Three Months Ended		Fiscal Year Ended
	August 31, 2026	August 31, 2025	August 31, 2026	August 31, 2025
Net revenue	$10,616	$8,252	$35,954	$29,802
Cost of revenue	9,615	7,469	32,637	27,156
Gross profit	1,001	783	3,317	2,646
Operating expenses:
Selling, general and administrative	324	264	1,222	1,015
Stock-based compensation expense and related charges	25	23	140	107
Research and development	7	4	30	26
Amortization of intangibles	24	17	89	62
Restructuring, severance and related charges	9	37	97	181
Loss from the divestiture of businesses	-	98	1	53
Acquisition and divestiture related charges	10	3	34	20
Operating income	602	337	1,704	1,182
Loss on securities	-	-	-	46
Interest and other, net	80	58	296	244
Income before income tax	522	279	1,408	892
Income tax expense	125	61	368	235
Net income	397	218	1,040	657
Net loss attributable to noncontrolling interests, net of tax	(1)	-	(2)	-
Net income attributable to Jabil Inc.	$398	$218	$1,042	$657
Earnings per share attributable to the stockholders of Jabil Inc.:
Basic	$3.80	$2.03	$9.86	$6.00
Diluted	$3.76	$1.99	$9.75	$5.92
Weighted average shares outstanding:
Basic	104.8	107.5	105.8	109.5
Diluted	106.0	109.2	106.9	110.9

JABIL INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

(Unaudited)

	Fiscal Year Ended
	August 31, 2026	August 31, 2025
Cash flows from operating activities:
Net income	$1,040	$657
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	681	674
Restructuring and related charges	47	88
Recognition of stock-based compensation expense and related charges	140	107
Deferred income taxes	(21)	(124)
Loss from the divestiture of businesses	1	53
Other, net	(24)	(2)
Change in operating assets and liabilities, exclusive of net assets acquired:
Accounts receivable	(2,394)	(504)
Contract assets	(221)	22
Inventories	(2,681)	(431)
Prepaid expenses and other current assets	(2,538)	(310)
Other assets	(12)	(16)
Accounts payable, accrued expenses and other liabilities	7,984	1,426
Net cash provided by operating activities	2,002	1,640
Cash flows from investing activities:
Acquisition of property, plant and equipment	(628)	(468)
Proceeds and advances from sale of property, plant and equipment	158	146
Cash paid for business and intangible asset acquisitions, net of cash	(852)	(392)
Proceeds from the divestiture of businesses, net of cash	-	7
Other, net	(13)	(7)
Net cash used in investing activities	(1,335)	(714)
Cash flows from financing activities:
Borrowings under debt agreements	2,773	1,844
Payments toward debt agreements	(2,528)	(1,986)
Payments to acquire treasury stock	(1,060)	(1,000)
Dividends paid to stockholders	(35)	(36)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan	74	62
Treasury stock minimum tax withholding related to vesting of restricted stock	(67)	(42)
Other, net	(23)	(46)
Net cash used in financing activities	(866)	(1,204)
Effect of exchange rate changes on cash and cash equivalents	5	10
Net decrease in cash and cash equivalents	(194)	(268)
Cash and cash equivalents at beginning of period	1,933	2,201
Cash and cash equivalents at end of period	$1,739	$1,933

JABIL INC. AND SUBSIDIARIES

SUPPLEMENTAL DATA

RECONCILIATION OF U.S. GAAP FINANCIAL RESULTS TO NON-GAAP MEASURES

(in millions, except for per share data)

(Unaudited)

	Three Months Ended		Fiscal Year Ended
	August 31, 2026	August 31, 2025	August 31, 2026	August 31, 2025
Net revenue	$10,616	$8,252	$35,954	$29,802
Operating income (U.S. GAAP)	$602	$337	$1,704	$1,182
Amortization of intangibles	24	17	89	62
Stock-based compensation expense and related charges	25	23	140	107
Restructuring, severance and related charges	9	37	97	181
Net periodic benefit cost	5	6	4	7
Business interruption and impairment charges, net	-	(2)	-	8
Loss from the divestiture of businesses	-	98	1	53
Acquisition and divestiture related charges	10	3	34	20
Adjustments to operating income	73	182	365	438
Core operating income (Non-GAAP)	$675	$519	$2,069	$1,620
Operating margin (U.S. GAAP)	5.7%	4.1%	4.7%	4.0%
Core operating margin (Non-GAAP)	6.4%	6.3%	5.8%	5.4%
Net income attributable to Jabil Inc. (U.S. GAAP)	$398	$218	$1,042	$657
Adjustments to operating income	73	182	365	438
Loss on securities	-	-	-	46
Net periodic benefit cost	(5)	(6)	(4)	(7)
Adjustments for taxes	-	(34)	(4)	(52)
Core earnings (Non-GAAP)	$466	$360	$1,399	$1,082
Diluted earnings per share (U.S. GAAP)	$3.76	$1.99	$9.75	$5.92
Diluted core earnings per share (Non-GAAP)	$4.40	$3.29	$13.09	$9.75
Diluted weighted average shares outstanding (U.S. GAAP and Non-GAAP)	106.0	109.2	106.9	110.9

Charges recorded during the three months and fiscal year ended August 31, 2026, relate to targeted restructuring activities to optimize our cost structure and improve operational efficiencies. Charges recorded during the three months and fiscal year ended August 31, 2025, primarily related to the 2025 Restructuring Plan.

Charges recorded during the fiscal year ended August 31, 2025, related primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida and Asheville and Hendersonville, North Carolina.

Charges recorded during the three months and fiscal year ended August 31, 2025, related primarily to a pre-tax loss of $97 million recognized for the divestiture of our operations in Italy. Additionally, certain post-closing adjustments associated with the divestiture of the Mobility Business were realized during the fiscal year ended August 31, 2025, which resulted in the recognition of a $54 million pre-tax gain.

Charges recorded during the fiscal year ended August 31, 2026, include $8 million of gains on forward foreign exchange contracts in connection with the acquisition of Hanley Energy Group.

Charges recorded during the fiscal year ended August 31, 2025, related to an impairment of an investment in Preferred Stock.

JABIL INC. AND SUBSIDIARIES

SUPPLEMENTAL DATA

ADJUSTED FREE CASH FLOW

(in millions)

(Unaudited)

	Fiscal Year Ended
	August 31, 2026	August 31, 2025
Net cash provided by operating activities (U.S. GAAP)	$2,002	$1,640
Acquisition of property, plant and equipment (“PP&E”)	(628)	(468)
Proceeds and advances from sale of PP&E	158	146
Adjusted free cash flow (Non-GAAP)	$1,532	$1,318

Contacts
Adam Berry
Senior Vice President, Investor Relations and Corporate Affairs adam_berry@jabil.com
Timur Aydin
Senior Director, Enterprise Marketing and Communications publicrelations@jabil.com